gets a deal on the fiscal cliff, greece gets its money, where is the market aversion coming from? >> happy days. >> we know growth will be useful, but apart from that. >> there's a few risks on the horizons. if the market gets a hint or a sniff that that will end, it will change. central bank policy will change. sooner maybe what we expect right now. we haven't seen it in the u.s. at all, but in europe, very worried about inflation. pledge to very low rates in the long term. and in the uk, a growing number of people. qe isn't necessarily working. that could potentially take hold. >> what's the impact of qe not working? >> rising guilt yields essentially. >> they think there will be record lows next year for the safe haven. >> they've said that for quite a long time and they've been right. in terms of looking at the risks for 2013, the ones keeping volatility low, there has to be something that they're doing which could potentially cause it spike which could weigh on yields. >> all right. thanks for that. let's get to the global market report in singapore. >> thank you, ross. asian